RBA cuts rates as Australia switches to election mode
As expected, the RBA today cut rates for the first time in four years.
The Reserve Bank of Australia today delivered a long-awaited interest rate cut but is still unconvinced the battle against inflation has been won.
The bank has cut rates by 25 basis points to 4.10%, the first cut since the RBA began hiking rates from the pandemic period low of 0.1% in May 2022.
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